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IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.
  • Germany to modernise military in face of Russia threat

    Germany's government and conservative opposition have agreed a deal that will release 100 billion euros ($107 billion) to modernise the army in the face of the Russian threat. An agreement was reached late Sunday to create a special fund for military procurement that will also allow Berlin to achieve NATO's...
  • Algerian military officer sentenced to death for ‘high treason’

    An Algerian military officer and close ally of the former army chief has been sentenced to death over charges of "high treason", the French-language daily El Watan reported Sunday. While courts continue to hand out death sentences in Algeria, there has been a moratorium on capital punishment since 1993.
  • Senior officer among five Yemen soldiers killed as bomb explodes in Aden

    Some 80 percent of Yemen's population of about 30 million people depends on aid for survival, after years of a conflict that has killed almost 380,000 people, directly or indirectly, according to the UN.
  • Ukraine urges China to condemn Russia attack

    Russia's claim on Saturday to have unleashed its new hypersonic Kinzhal missile would mark a new escalation of its campaign to force Ukraine to abandon hopes of closer ties with the West, even as Volodymyr Zelensky urged Vladimir Putin for presidential-level talks.
  • Russia on nuclear alert as Ukraine fiercely resists invasion

    President Vladimir Putin ordered on Sunday Russia's nuclear forces onto high alert in response to what he called ‘unfriendly’ steps by the West. Russia has the world's largest arsenal of nuclear weapons and a huge cache of ballistic missiles. The United States, the world's second-largest nuclear power, slammed the order.
  • Ukraine blames Russia-backed rebels of killing a soldier

    Ukraine's army on Saturday reported the first death of a soldier in weeks and accused Moscow-backed rebels of sharply escalating attacks that have redoubled fears of an imminent Russian invasion. Ukraine's emergency service said two of its staff were wounded during a wave of attacks on Friday.
  • Israel says it downed Hezbollah drone in its airspace

    Lebanon and Israel have seen unrest often, and drones have become a regular feature of their heavily guarded border.
  • On social media demand, Kuwait to ban film starring Israeli actress

    Kuwait will ban a new film adaptation of Agatha Christie's whodunnit "Death on the Nile" with a cast of Hollywood stars including Israeli actress Gal Gadot, authorities said Sunday. The film, directed by and co-starring Kenneth Branagh, is due for release this month in the United States. The story is...
  • Palestinian killed by Israel army in West Bank: Medics

    A Palestinian was killed by the Israeli army in the occupied West Bank early Thursday, Palestinian medical and security sources said. Bakir Hashash, 21, of the Balata refugee camp, was shot in the head after the Israeli army entered an area east of the northern city of Nablus to make arrests,...
  • Lockheed appoints Chief Executive for ME

    Lockheed Martin  has appointed retired U.S. Army Gen. John W. Nicholson as their new Chief Executive for the Middle East.
  • Lebanon: US calls for de-escalation, UN impartial probe into port blast

    Heavy fighting claimed at least six lives and left dozens wounded in Lebanon's capital Thursday as an escalation of tensions around last year's massive portside explosion turned parts of Beirut into a war-zone.
  • Kuwait allows women to join military in combat roles

    Defence Minister Hamad Jaber al-Ali al-Sabah said the door had been opened for women to join various combat ranks, including as officers.
  • Power partially restored in Lebanon after nationwide blackout

    Lebanon's electricity grid was back online Sunday after the army supplied fuel to two key power stations that had run out, a minister said, ending almost a day of total blackout. The Deir Ammar and Zahrani plants ground to a halt Saturday, causing the state electricity network to collapse completely.
  • Iran to hold war games near Azerbaijan border amid criticism from Baku

    Teheran: Iran's army is to hold maneuvers near the Azerbaijan border from Friday, state media announced, despite strong criticism from Baku. "The maneuvers scheduled to start on Friday will involve armored units as well as artillery, drones and military helicopters," the army's ground forces commander General Kioumars Heydari told the...
  • 4 Palestinians killed during Israeli raids in occupied West Bank

    Jerusalem: An Israeli operation to dismantle a Hamas cell in the West Bank sparked fierce gun battles at multiple locations Sunday, killing four Palestinians, Israel's army and Palestinian official sources said. The Palestinian health ministry confirmed a total of four deaths from Israeli gunfire, including one in Burqin near Jenin...
  • Fuel tank blast kills 20 as Lebanon struggles to cope with oil demand

    The cause of the explosion was not immediately clear. Lebanon, hit by a financial crisis branded by the World Bank as one of the planet’s worst since the 1850s, has been grappling with dire fuel shortages for months. The Lebanese army on Saturday said it seized thousands of liters of...
  • Effort to merge paramilitary into army hobbles Sudan’s transition

    The Rapid Support Forces (RSF) were formed in 2013 to crush rebels fighting Omar al-Bashir's government The RSF largely drew its members from Arab nomads and camel-herding Janjaweed militias Integrating a powerful paramilitary force into the army has emerged as the latest stumbling block in Sudan's transition to civilian rule...